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Topic	Rember how you felt as a New Adult with a your 1st Paycheck an Year Taxes?
AlephZero 12/23/18 11:47:28 AM #38:	Space_Man posted... is it better to owe money at the end of the tax year or get money returned cus if you owe it, then you kept more throughout the year, but if you get money returned then you paid more from each check than needed which is better It's more work (and you have to be disciplined and realize you're going to have an enormous tax bill every spring) but if you don't have any taxes taken directly from your paycheck you can instead put that money into treasury bills or even a high interest savings account and earn a fair amount of interest on it. By having it taken directly from your paycheck you are effectively giving the government an interest free loan. --- "life is overrated" - Seiichi Omori 01001100 01010101 01000101 00100000 00110100 00110000 00110010 <cite>AlephZero posted [p:914594048] in Rember how... [t:77327652]...</cite> <quote><cite>Space_Man posted...</cite> <quote>is it better to owe money at the end of the tax year or get money returned cus if you owe it, then you kept more throughout the year, but if you get money returned then you paid more from each check than needed which is better</quote> It's more work (and you have to be disciplined and realize you're going to have an enormous tax bill every spring) but if you don't have any taxes taken directly from your paycheck you can instead put that money into treasury bills or even a high interest savings account and earn a fair amount of interest on it. By having it taken directly from your paycheck you are effectively giving the government an interest free loan. --- "life is overrated" - Seiichi Omori 01001100 01010101 01000101 00100000 00110100 00110000 00110010</quote> ... Copied to Clipboard!
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